Indian markets closed slightly lower, with financials and IT dragging Nifty and Sensex. But action was stock-specific, as Paytm, Sudeep Pharma, M&M, Reliance Infrastructure, GAIL and GMDC saw sharp swings. The catalysts ranged from upgrades and new listings to tariff moves and profit-booking, underscoring how headlines—not the broader market—drove trading.
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